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PAE - PAE Inc News Story

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Last Trade - 22/04/21

Mid Cap
Market Cap £530.1m
Enterprise Value £1.12bn
Revenue £1.96bn
Position in Universe 3123rd / 6857

PAE Awarded Position on $3.3 Billion State Department Global Support Strategy 2.0 IDIQ

Wed 6th January, 2021 1:00pm
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(NASDAQ: PAE, PAEWW), a global leader in delivering smart solutions to the
U.S. government and its allies, has been selected as one of three prime
contractors on the U.S. Department of State’s Global Support Strategy 2.0
indefinite delivery, indefinite quantity contract vehicle, valued at up to
$3.3 billion over 10 years. Under this contract, the company will provide
integrated business process solutions to assist with the worldwide processing
of non-immigrant and immigrant visa applications. PAE will compete for task
orders by leveraging the company’s strengths in biometric collection
solutions, secure data processing and integrated technology services.

Through the contract, which facilitates 98 percent of the State Department’s
visa processing across the world, PAE will have the opportunity to provide
integrated solutions for consular operations at U.S. embassies and consulates
in 120 countries.

“Leveraging our innovative capabilities, enhanced through our 2017
acquisition of FCi Federal, we believe PAE is uniquely positioned to deliver
proprietary, customized, technology-enabled solutions for the State
Department, adding to our expanding and diverse portfolio of support for the
U.S. government,” said PAE President and CEO John Heller. “This program
highlights PAE’s continued success executing our strategy of leveraging past
acquisitions to apply acquired capabilities, open significant addressable
market areas for growth, and win new mission-critical programs across the

About PAE
For 65 years, PAE has tackled the world’s toughest challenges to deliver
agile and steadfast solutions to the U.S. government and its allies. With a
global workforce of about 20,000 on all seven continents and in approximately
60 countries, PAE delivers a broad range of operational support services to
meet the critical needs of our clients. Our headquarters is in Falls Church,
Virginia. Find us online at
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Forward-Looking Statements

This press release may contain a number of “forward-looking statements” as
defined in the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to, statements about
PAE’s possible or assumed future results of operations, financial results,
backlog, estimation of resources for contracts, risks related to IDIQ
contracts, strategy for and management of growth, needs for additional
capital, risks related to U.S. government contracting generally, including
congressional approval of appropriations, and bid protests. These
forward-looking statements are based on PAE’s management’s current
expectations, estimates, projections and beliefs, as well as a number of
assumptions concerning future events.

These forward-looking statements are not guarantees of future performance,
conditions or results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of which are
outside PAE’s management’s control, that could cause actual results to
differ materially from the results discussed in the forward-looking

Forward-looking statements included in this release speak only as of the date
of this release. PAE does not undertake any obligation to update its
forward-looking statements to reflect events or circumstances after the date
of this release except as may be required by the federal securities laws.

For media inquiries regarding PAE, contact:

Terrence Nowlin
Senior Communications Manager

For investor inquiries regarding PAE, contact:

Mark Zindler
Vice President, Investor Relations


GlobeNewswire, Inc. 2021
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